Gasoline Prices Dip Nearly 2 Cents in Past Week

Gasoline prices in Riverside are 3.0 cents per gallon lower than a month ago

Riverside gasoline prices have fallen 1.7 cents per gallon in the past week, averaging $3.12/g today, according to GasBuddy’s daily survey of 481 stations. Gasoline prices in Riverside are 3.0 cents per gallon lower than a month ago and stand 101.3 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Riverside is priced at $2.43/g today while the most expensive is $4.39/g, a difference of $1.96/g. The lowest price in the state today is $2.39/g while the highest is $4.89/g, a difference of $2.50/g.

The national average price of gasoline has fallen 1.1 cents per gallon in the last week, averaging $2.16/g today. The national average is down 1.8 cents per gallon from a month ago and stands 47.2 cents per gallon lower than a year ago.

Historical gasoline prices in Riverside and the national average going back ten years:

• October 12, 2019: $4.13/g (U.S. Average: $2.64/g)
• October 12, 2018: $3.79/g (U.S. Average: $2.90/g)
• October 12, 2017: $2.99/g (U.S. Average: $2.47/g)
• October 12, 2016: $2.75/g (U.S. Average: $2.25/g)
• October 12, 2015: $2.93/g (U.S. Average: $2.31/g)
• October 12, 2014: $3.57/g (U.S. Average: $3.19/g)
• October 12, 2013: $3.76/g (U.S. Average: $3.33/g)
• October 12, 2012: $4.65/g (U.S. Average: $3.81/g)
• October 12, 2011: $3.79/g (U.S. Average: $3.40/g)
• October 12, 2010: $3.06/g (U.S. Average: $2.80/g)

Neighboring areas and their current gasoline prices:

• San Bernardino — $3.12/g, down 2.3 cents per gallon from last week’s $3.14/g.
• Orange County — $3.15/g, unchanged  from last week’s $3.16/g.
• Los Angeles — $3.17/g, down 1.3 cents per gallon from last week’s $3.18/g.

“Average gasoline prices largely remain rangebound as the tug of war between market forces continues to keep prices confined near current levels,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “On one side, the coronavirus situation would be pulling prices down as year-to-date gasoline demand stands some 13% lower than last year, but on the positive side is the possibility of economic stimulus that could boost households ahead of the election if the two parties can manage to agree. For now, with little action on either issue, oil markets are seeing a good amount of speculation and seesawing, and that will continue until we have a clear answer on whether Washington will deliver more economic aid to hard hit Americans.”